Report overview
The intelligent railway transport system facilitates the use of information technology for managing the services provided by the railways. The railway relies on the radio network and the GPS system for effective implementation of intelligent transport system. The intelligent railway transport system market is majorly driven by its ability of providing high security for the passengers and the high service quality to the customers. The market will also grow with the increase in adoptions of internet of things technology in the railway system. The increasing trend of internet services is contributing in the growth of intelligent railway transport system market. The increasing use of rail transport among all modes of transportation has created an effective and timely management of services among others such as scheduling of trains. Whereas, the increased need for adoption of intelligent transport system in railways has made this possible and hence has increased the customer experience and security. The ability of the systems to regulate the road traffic near railway track signals is also fostering the growth of this market. The ability of the system to provide real time information about the arrival and departure of train and the platform number at the display screen of the platform is also driving the growth of this market.
This report aims to provide a comprehensive presentation of the global market for Intelligent Railway Transport System (IRTS), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Intelligent Railway Transport System (IRTS). This report contains market size and forecasts of Intelligent Railway Transport System (IRTS) in global, including the following market information:
Global Intelligent Railway Transport System (IRTS) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Intelligent Railway Transport System (IRTS) market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Rail Sensors Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Intelligent Railway Transport System (IRTS) include ABB, Indra Sistemas, Alstom, Alcatel-Lucent, Bombardier, Hitachi, Cisco, Siemens and International Business Machines, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Intelligent Railway Transport System (IRTS) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Intelligent Railway Transport System (IRTS) Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Intelligent Railway Transport System (IRTS) Market Segment Percentages, by Type, 2022 (%)
Rail Sensors
Smart Cards
Video Surveillance Cameras
Global Intelligent Railway Transport System (IRTS) Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Intelligent Railway Transport System (IRTS) Market Segment Percentages, by Application, 2022 (%)
Passenger Information System (PIS)
Advanced Security Management System
Global Intelligent Railway Transport System (IRTS) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Intelligent Railway Transport System (IRTS) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Intelligent Railway Transport System (IRTS) revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Intelligent Railway Transport System (IRTS) revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ABB
Indra Sistemas
Alstom
Alcatel-Lucent
Bombardier
Hitachi
Cisco
Siemens
International Business Machines
General Electric
Ansaldo Signalling and Transportation Systems
Outline of Major Chapters:
Chapter 1: Introduces the definition of Intelligent Railway Transport System (IRTS), market overview.
Chapter 2: Global Intelligent Railway Transport System (IRTS) market size in revenue.
Chapter 3: Detailed analysis of Intelligent Railway Transport System (IRTS) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Intelligent Railway Transport System (IRTS) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
